SUVIDHA – The Rising Star of HUBLI-DHARWAD

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Dinesh Mahajan, CMD and Tejprakash Mahajan Vice-CMD from Suvidha Realtors & Constructions Pvt Ltd brief on the realty market of Hubli-Dharwad and their growth plans in the twin cities. SUVIDHA REALTORS AND CONSTRUCTIONS PVT.LTD, one of the top construction companies in Hubli-Dharwad since 1989, headquartered in HUBLI, has been credited with introducing several ‘firsts’ to the twin cities. Starting with a Block Apartment-concept in the 1990s, their pioneer projects include plotted developments, semi-commercial cum residential apartments, block apartment schemes & penthouses, gated community and fully furnished bungalows. SUVIDHA prides themselves, for adopting modern techniques, while still honoring their clients traditional approach and values. Dinesh Mahajan commenting on what makes their company stand-out said, “my vision while creating SUVIDHA was not to just create housing, but to create a luxury brand with affordable costs that puts its customers’ needs first. SUVIDHA has always been value-driven Real Estate Company with effective construction practices and hardworking employees. We believe in creating lifestyle spaces that reflect the aspiration of the new-age dweller. We use effective construction practices, value engineering and work hard to deliver the constructions with espouses ultra modern technologies focusing to fulfill the expectations of the customers. Here in Hubli-Dharwad, SUVIDHA has now become a trusted brand by the customers.” Tejprakash Mahajan added, “SUVIDHA is a three-decade old family-owned company. We have completed around 8 Lakhs sqft of construction and approximately 15 acres of plotted development. Our lifestyle projects are constructed with a modern approach and contemporary ways. For example, we were one of the first to introduce the pile foundation concept to the twin-cities. We even engage consultants for designing and execution, from Mumbai, Pune and Bangalore to bring in their expertise of technology and making the best use of given space” The Twin-City Hubli-Dharwad Real Estate Giving a brief on the cities’ strategic location & demand drivers, Dinesh Mahajan informed, “Hubli is the second fastest growing city in Karnataka and is a central point between the major cities in and around the state of Karnataka. Now the Government has announced HUBLI-DHARWAD as one of the 100 smart cities to participate in the “Smart City” Challenge and work is in progress. IIT is also established. It is a transportation and Education Hub in North Karnataka, and these are the major drivers in the residential and commercial real estate market of this region. There is a growing demand for residences from working professionals in Bengaluru. We have also received enquiries for commercial projects here from Retailers.” Talking about the opportunities & challenges, Tejprakash Mahajan stated, “From last quarter of 2019-20 tier-II cities have done better than the metro cities. Likewise, the demand for real estate market in HUBLI has grown in the past few years. However, the developer’s association bodies have not been giving enough attention to the issues and challenges of developers in the tier-II cities especially in Karnataka. Their major focus remains on Bengaluru.” Company’s Growth and Expansion Plans Dinesh Mahajan shared “The post pandemic, work from home lifestyle has caused a lot of people to move to Hubli from nearby, crowded tier-I cities. To cater to this potential buyer segment, we are in the planning stage of implementing an affordable housing project in addition to our existing project ‘Suvidha Indraprastha’ – a highrise Apartment Project spread over more than an Acre (120 luxury apartments including penthouses).” Tejprakash Mahajan added “SUVIDHA NESTLE, our signature residential project, is the first gated community with fully furnished bungalows in the city and has received The Best Independent Villas Project Award for the North Karnataka region, from CREDAI Karnataka. SUVIDHA’s MATOSHREE LIFESTYLE MALL, is the first of its kind in Dharwad. It is uniquely designed retail outlet/mall to house exclusive brands, and has been awarded The Best Commercial/Shopping Complex in the North Karnataka Zone for Real Estate 2019, from CREDAI Karnataka. We plan to create multiple high-rise apartment buildings, one of which is under construction a unique development is the “High network lifestyle project” and the other is in the planning stage. We promote covid-friendly practices and prioritize our employees’ and customers’ safety.” Company’s CSR Activity SUVIDHA prioritizes activities that involve giving back to society and building the community. Their major CSR activity is to assist in taking care of 35-40 visually impaired students at Shree Channaveer Sharanar Andhar Kalyan Ashram- a Charitable Trust and run by Param Pujya Shri Shivashanthaveer Sharanaru. Dinesh Mahajan has been a trustee of the Ashram and has helped manage the living, education, computer education, and self-independence of the students for the past 20 years. Company Affiliations